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At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low- or moderate-income neighborhoods.
WesBanco Announces Fourth Quarter 2020 Financial Results News provided by Share this article Share this article WHEELING, W.Va., Jan. 26, 2021 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (NASDAQ: WSBC), a diversified, multi-state bank holding company, today announced net income and related earnings per share for the three and twelve months ended December 31, 2020. Net income available to common shareholders for the three months ended December 31, 2020 was $50.2 million, with diluted earnings per share of $0.75, compared to $36.4 million and $0.60 per diluted share, respectively, for the fou...
Comments WASHINGTON – The U.S. Small Business Administration, in consultation with the Treasury Department, announced that the Paycheck Protection Program re-opened the week of January 11 for new borrowers and certain existing PPP borrowers. Updated PPP guidance outlining program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. This round of the PPP continues to focus on millions of Americans employed by small businesses by authorizing up to $284 billion toward job...
Provided by Business Wire Oregon Pacific Bank Announces Fourth Quarter and Full Year Earnings Results Oregon Pacific Bancorp (ORPB) today reported financial results for the fourth quarter and year ended December 31, 2020. Highlights Quarterly non-PPP loan growth of $5.8 million Tax equivalent fourth quarter net interest margin of 4.29% Annual loan growth of $92.1 million or 30.32% Annual deposit growth of $168.3 million or 52.92% Annual net income of $4.4 million, representing growth of 23.74% over 2019 Oregon Pacific Bancorp, and its wholly-owned subsidiary Oregon Pacific ...
Press release content from Globe Newswire. The AP news staff was not involved in its creation. The SBA Takes Steps to Improve First Draw Paycheck Protection Program Loan Review United States Small Business AdministrationJanuary 26, 2021 GMT Washington, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration is taking steps to improve the First Draw Paycheck Protection Program loan review so that small businesses have as much time as possible to access much needed PPP funds. The Biden-Harris Administration is focused on ensuring small businesses receive the support they need t...